Monthly Archives: December 2024
Yen Shows Short-Term Appreciation Potential
Written on December 31, 2024 at 3:02 pm, by carl
Fundamental Analysis USDJPY Key Takeaways Technical Analysis USDJPY Daily Chart Insights (USDJPY Daily Price Chart, Source: Ultima Markets MT4) USDJPY 1-hour Chart Analysis (USDJPY H1 Price Chart, Source: Ultima Markets MT4) USDJPY Pivot Indicator (USDJPY M30 Price Chart, Source: Ultima Markets APP) Conclusion To navigate the complex world of trading successfully, it’s imperative to stay […]
U.S. Home Sales Rise, Boosting Dollar
Written on December 31, 2024 at 2:50 pm, by carl
Housing Inventory Gains Drive Market Shift On Monday, measures of US pending home sales according to signed contracts increased by 2.2% in November standing at 79.0. This was the highest level of US pending home sales since February 2023 and it is better than the recorded 77.3 for the month of October. Sales of contracts […]
Yen Rises on BOJ Rate Hike Hints
Written on December 30, 2024 at 5:23 pm, by carl
Yen Climbs Amid BOJ Rate Speculation The Japanese currency climbed out of a five-month low against the American dollar during the Bank of Japan’s report on December’s policy minutes released in the market. The report pointed out raising confidence among certain policymakers about raising interest rates, and at the same time, the central bank also […]
Copper Price Rebound is Limited
Written on December 27, 2024 at 2:50 pm, by carl
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the COPPER for DEC 27, 2024. Fundamental Analysis COPPER Key Takeaways Technical Analysis COPPER Daily Chart Insights (COPPER Daily Price Chart, Source: Ultima Markets MT4) COPPER 1-hour Chart Analysis (COPPER H1 Price Chart, Source: Ultima Markets MT4) COPPER Pivot Indicator (COPPER M30 Price […]
Tokyo Inflation Boosts BOJ Rate Hike Expectations
Written on December 27, 2024 at 1:58 pm, by carl
Tokyo Core Inflation Rises, Factory Output Falls In December, core inflation in Japan’s capital city rose, while inflation in services remained stable, according to data released on Friday, keeping market speculation alive that an interest rate hike could occur soon. However, factory production dropped in November for the first time in three months, signalling that […]
MicroStrategy Keeps Buying Despite Bitcoin Dip
Written on December 24, 2024 at 3:12 pm, by carl
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the BTCUSD for DEC 24, 2024. Fundamental Analysis BTCUSD Key Takeaways Technical Analysis BTCUSD Daily Chart Insights (BTCUSD Daily Price Chart, Source: Ultima Markets MT4) BTCUSD 1-hour Chart Analysis (BTCUSD H1 Price Chart, Source: Ultima Markets MT4) BTCUSD Pivot Indicator (BTCUSD M30 Price […]
UK Economy Stagnates: ONS Revises GDP Growth to 0%
Written on December 24, 2024 at 10:57 am, by carl
Economic Stagnant under Starmer’s Leadership The ONS on Monday revised down its estimate for UK third-quarter GDP growth to 0.0% from the previously reported 0.1%, showing that Britain’s economy did not grow at all during the first three months of Prime Minister Keir Starmer’s government. This underlines a wider economic slowdown that has overshadowed the […]
Canada’s Retail Sales Fall Short of Expectations
Written on December 23, 2024 at 4:55 pm, by carl
Flat Retail Sales Weigh on GDP Growth On last Friday, Canada’s retail sales in October came in slightly below expectations as increased new car sales offset weaker consumer spending at supermarkets, grocery stores, and wine shops. Retail sales which encompass motor vehicles, clothing, furniture, food and beverages, and other categories rose by 0.6% in October, […]
USDCHF is Ready To Rise
Written on December 20, 2024 at 5:17 pm, by carl
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDCHF for DEC 20, 2024. Fundamental Analysis USDCHF Key Takeaways Technical Analysis USDCHF Daily Chart Insights (USDCHF Daily Price Chart, Source: Ultima Markets MT4) USDCHF 1-hour Chart Analysis (USDCHF H1 Price Chart, Source: Ultima Markets MT4) USDCHF Pivot Indicator (USDCHF M30 Price […]
Yen Tumbles as BOJ Signals Cautious Approach
Written on December 20, 2024 at 5:04 pm, by carl
BOJ Holds Rates Steady Amid Inflation Risks Interest rates were left unchanged in the latest decision by the BOJ last Thursday, with its governor holding back from giving the strong guidance on when its borrowing costs may rise, thereby helping push the yen down while weighing on bond yields on renewed scepticism of an imminent […]
